Cigars and cigarillos will register a healthy increase in volume sales over the forecast period. In addition, even if inflation remains high, this will not negatively impact sales, as smokers are mainly higher-income consumers and are less price sensitive.
The increasing popularity of reduced harm tobacco products is anticipated to have a negative impact on the demand for cigars and cigarillos in the coming years. The rise in health consciousness will increase demand for heated tobacco products, while e-vapour products will be increasingly popular with younger consumers, under 30 years-of age.
There will be further growth for fine cut tobacco, particularly if consumers remain highly price sensitive, as this will lead to some cigarette smokers switching to rolling their own cigarettes instead, as it is more economical. However, illicit trade will continue to be an issue and fine cut tobacco in particular is impacted by illicit trade.
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Cigars, Cigarillos and Smoking Tobacco
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